NEKG33 Mathematical methods for economists

Chapter 4 : Day 04: Linear and quadratic functions

By Lund University

Enough of algebra for now. Let's move on to analysis, specifically to linear and quadratic function. Remember the y=kx+m? That's the focus of today.

Linear functions

This section is entirely focused on the most important class of functions, namely the linear functions. We will look at what we mean by the slope and the intercept of a linear function and we will look at how to determine the graph of a given linear function. We will also look at how to determine the equation of the function from, for example, two points on its graph.

Linear functions

Problem: Slope of a linear function

Problem: Graph of a linear function

Problem: Equations of linear functions from graphs

Problem: Equations of linear functions from two points or a point and a slope

Problem: System of equations and graphs of functions

Problem: System of equations with no solutions

Problem: Collections of points in the xy-plane

Problem: Collections of points in the xy-plane

Problem: Equations of a linear function from two points

Problem: Linear functions and the delta-notation

Problem: Equations of a linear function from a point and a slope

Quadratic functions

In this section we will look at quadratic functions and polynomials and we study the graphs of these types of functions.

Quadratic functions and polynomials

Problem: Quadratic functions and vertex

Problem: Quadratic functions and vertex

Problem: Min and max of quadratic functions

Problem: Max of a quadratic function

Problem: Max of a quadratic function